Trump to Impose Additional 100% Tariff on Chinese Imports Starting November

Economy

Trump to Impose Additional 100% Tariff on Chinese Imports Starting November

1 month ago

News sources:

REUTERS

BLOOMBERG

CBSNEWS

Trump to Impose Additional 100% Tariff on Chinese Imports Starting November

Credited from: BLOOMBERG

Trump announces a 100% tariff on Chinese imports starting November 1.
This Tariff adds to existing tariffs, currently set at 30%.
Export controls on critical U.S. software also announced.
These measures escalate tensions in the U.S.-China trade relationship.

President Donald Trump stated he will impose an additional 100% tariff on imports from China starting November 1, 2025. This new tariff will be in addition to existing tariffs, currently at 30%, marking a significant escalation in the U.S.-China trade war, according to Reuters, Bloomberg, and CBS News.

In his announcement, Trump also mentioned that there will be export controls on “any and all critical software” from the U.S., further intensifying the economic tensions between the two nations. This development follows his recent threats to cancel an upcoming meeting with China's leader, Xi Jinping, according to Bloomberg and CBS News.